NEWS30 July 2012
US— Big data analysis firm Good Data has raised $25m in a series C financing round led by Tenaya Capital and Next World Capital.
The company, whose total investment to date is $53.5m, said the new funding would be put towards technology innovation and sales and marketing efforts.
Founder and CEO Roman Stanek (pictured) said: “It’s time to pull the plug on the old business intelligence model. We are pioneering a new approach to business intelligence that will monetise and bring big data to life.”
Previous investors, including Andreessen Horowitz and General Catalyst Partners, also contributed to the series C funding round.
GoodData technology, including data dashboards, are used by AOL, Groupon, Nielsen and Time Warner Cable to keep tabs on and analyse a range of different business intelligence inputs including sales data, marketing leads and customer satisfaction scores.